Radarspotting
Miscellaneous => Aviation News => Topic started by: mhm on February 28, 2013, 06:26:27 PM
Restructuring charges at Iberia and fuel costs have hit results at International Airlines Group (IAG), which owns both the Spanish flag-carrier and British Airways.
It reported a net loss for 2012 of 943m euros ($1.24bn; £816m), compared with a 562m euros profit in 2011.
IAG's fuel bill rose 20.4% to 6.1bn euros, while Iberia announced recently that it was cutting 3,800 jobs.
http://www.bbc.co.uk/news/business-21614621